06 April 1999
Robert Wiseman buys rival in £3.4m deal
ROBERT Wiseman Dairies has bought Gilmours Dairy of Kilmarnock for £3.4m in cash and loan notes.
The deal gives Wiseman three more percentage points of the Scottish fresh milk market.
Gilmours Dairy has sales of £8m a year and made profits of £360,000 in its last financial year.
Wiseman has bought 80% of the business and will have an option to acquire the remainder in October this year.
Wiseman offer spells windfall for co-op members. FWi, Friday, 26 March, 1999
- The Herald 06/04/99 page 19